Crossmark Global Holdings Inc. Has $1.24 Million Stock Holdings in Primerica, Inc. (NYSE:PRI)

Crossmark Global Holdings Inc. boosted its position in Primerica, Inc. (NYSE:PRI) by 106.6% during the 3rd quarter, Holdings Channel reports. The fund owned 4,680 shares of the financial services provider’s stock after buying an additional 2,415 shares during the period. Crossmark Global Holdings Inc.’s holdings in Primerica were worth $1,241,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PRI. Axxcess Wealth Management LLC acquired a new position in shares of Primerica during the third quarter valued at about $221,000. Atria Investments Inc grew its holdings in shares of Primerica by 8.0% in the third quarter. Atria Investments Inc now owns 8,950 shares of the financial services provider’s stock valued at $2,373,000 after acquiring an additional 662 shares in the last quarter. Assetmark Inc. grew its stake in Primerica by 11.8% in the 3rd quarter. Assetmark Inc. now owns 1,461 shares of the financial services provider’s stock valued at $387,000 after purchasing an additional 154 shares during the period. Van ECK Associates Corp grew its position in Primerica by 40.0% during the third quarter. Van ECK Associates Corp now owns 21,646 shares of the financial services provider’s stock valued at $5,998,000 after buying an additional 6,185 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Primerica by 8.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 9,966 shares of the financial services provider’s stock worth $2,642,000 after purchasing an additional 817 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

Primerica Trading Down 0.8 %

PRI opened at $300.18 on Thursday. The stock has a 50-day moving average price of $271.23 and a 200-day moving average price of $249.88. The stock has a market capitalization of $10.02 billion, a P/E ratio of 22.93 and a beta of 1.08. Primerica, Inc. has a 12-month low of $184.76 and a 12-month high of $304.84.

Primerica (NYSE:PRI) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $5.68 EPS for the quarter, topping the consensus estimate of $4.81 by $0.87. Primerica had a net margin of 14.95% and a return on equity of 30.93%. The firm had revenue of $774.13 million for the quarter, compared to the consensus estimate of $745.25 million. During the same period last year, the firm posted $4.28 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that Primerica, Inc. will post 19.12 EPS for the current year.

Primerica Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, November 21st. Primerica’s dividend payout ratio is presently 27.50%.

Insider Buying and Selling

In related news, CEO Glenn J. Williams sold 3,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $301.27, for a total transaction of $903,810.00. Following the completion of the sale, the chief executive officer now directly owns 36,322 shares in the company, valued at $10,942,728.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, President Peter W. Schneider sold 1,500 shares of Primerica stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $261.11, for a total value of $391,665.00. Following the sale, the president now directly owns 10,259 shares in the company, valued at approximately $2,678,727.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn J. Williams sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $301.27, for a total value of $903,810.00. Following the transaction, the chief executive officer now owns 36,322 shares of the company’s stock, valued at approximately $10,942,728.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,500 shares of company stock worth $1,803,175 in the last ninety days. 0.85% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods raised their target price on Primerica from $255.00 to $275.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. Truist Financial lifted their price objective on Primerica from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, November 8th. StockNews.com downgraded shares of Primerica from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Jefferies Financial Group boosted their price target on shares of Primerica from $239.00 to $249.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Finally, Piper Sandler assumed coverage on shares of Primerica in a report on Friday, August 30th. They issued a “neutral” rating and a $283.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $288.33.

Primerica Company Profile

Primerica, Inc, together with its subsidiaries, provides financial products and services to middle-income households in the United States and Canada. The company operates in four segments: Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.